Kalahridhaan Trendz Limited IPO
NSE SMEListed On: Feb 23, 2024 at ₹ 47.15
₹ 270000
/6000 Shares
*Min Investment
15 Feb, 2024
Open Date20 Feb, 2024
Close Date21 Feb, 2024
Allotment Date23 Feb, 2024
Listing DateKalahridhaan Trendz Limited IPO Issue Details
- Issue Price ₹45 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 49,98,000 shares(aggregating up to ₹22.49 crore)
- Fresh Share 49,98,000 shares(aggregating up to ₹22.49 crore)
- Listing at NSE SME
- List Price 47.15
- Listing Date 2024-02-23
- Lead Manager Interactive Financial Services Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,35,000 |
| Retail(max) | 1 | 3000 | ₹1,35,000 |
| NII (min) | 2 | 6,000 | ₹2,70,000 |
Kalahridhaan Trendz Limited IPO Reservation
Kalahridhaan Trendz Limited IPO offers total 4,998,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,2,373,000 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 252,000 (5.04%) | |
| Retail Shares Offered | 2,373,000 (47.48%) | |
| Total Shares Offered | 4,998,000 (100%) |
Kalahridhaan Trendz Limited IPO Details
Kalahridhaan Trendz Limited IPO is an SME IPO, priced at ₹45 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 49,98,000 equity shares, aggregating up to ₹22.49 crores..
The IPO bidding window is open from Feb 15, 2024 to Feb 20, 2024. The allotment is expected to be finalized on Feb 21, 2024, and the tentative listing date is Feb 23, 2024.
The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,35,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,70,000.
Interactive Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Sunflower Broking Private Limited will act as the market maker for this issue.
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Kalahridhaan Trendz Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 23,73,000 | 23,73,000 | 47,46,000 |
|
Day 1
15-02-24 06:00 PM
|
0.20 x | 1.32 x | 0.76 x |
|
Day 2
16-02-24 06:00 PM
|
1.11 x | 2.46 x | 1.78 x |
|
Day 3
19-02-24 06:00 PM
|
1.82 x | 4.46 x | 3.14 x |
|
Day 4
20-02-24 06:00 PM
|
6.82 x | 10.36 x | 8.59 x |
Kalahridhaan Trendz Limited Valuations
Kalahridhaan Trendz Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 10,962.55 | 10,297.94 | 5,979.36 |
| Revenue | 18,417.01 | 18,390.46 | 13,235.91 |
| Profit After Tax | 666.01 | 246.20 | 110.54 |
| Net Worth | 1,202.78 | 536.77 | 290.56 |
| Reserves & Surplus | 1,202.78 | 536.77 | 290.56 |
| Total Borrowing | 6,105.33 | 5,249.90 | 3,145.56 |
About Kalahridhaan Trendz Limited Company
Kalahridhaan Trendz Limited Company was established in 2016. The company specializes in fabric dyeing and processing.
Manufacturing and trading of fabrics with embroidery, trading of grey fabrics, buying of grey fabrics, and printing and dyeing of suiting, shirting and dress fabrics for sale in the B2B market
The two divisions in the company are:
Embroidery and knitting
Dyeing and printing of cloths
The company's manufacturing facility is at Ahmedabad, Gujrat with 1.00 lakh metres/day production capacity.
As on 31 December, 2023, the company had permanent employees of 12 in various departments of the company.
Kalahridhaan Trendz Limited - Promoter(s)
Niranjan Agarwal
Aditya Agarwal
Sunitadevi Agarwal
Pre Issue Share Holding : 96.22%
Post Issue Share Holding : 68.24%
Kalahridhaan Trendz Limited IPO - Issue Objectives
Working capital requirement
General Corporate Purpose
Meeting Public Issue Expenses.
Kalahridhaan Trendz Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kalahridhaan Trendz Limited | 5.46 | N/A | 29.74 | 8.24 | 36.75 | 1.51 | Standalone |
| Spl Industries Ltd. | 8.22 | N/A | 64.64 | 9.03 | 12.72 | 1.15 | Standalone |
| Kitex Garments Ltd. | 8.94 | N/A | 136.07 | 26.08 | 6.65 | 1.71 | Standalone |
| Monte Carlo Fashions Ltd | 64.03 | N/A | 374.67 | 10.84 | 17.09 | 1.85 | Standalone |
Notes:
- Considering the nature and size of the business of Kalahridhaan Trendz Limited, the peers are not strictly comparable. However, the above companies are included for broad comparison.
- CMP of the peer group is as per the closing price available on NSE as on January 31, 2024.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
- Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
- The P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on March 31, 2023, sourced from the Stock Exchange website and divided by the Basic/Diluted EPS as applicable.
- RoNW is computed as net profit after tax, attributable to the owners of the Company, divided by closing net worth.
Contact Details
Kalahridhaan Trendz Limited
57 Ashra Industrial Estate, B/H Mahalaxmi Fabrics, Nr. Narol Cross Road, Ahmedabad - 382405
+91 6353302166
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Kalahridhaan Trendz Limited IPO - FAQs
Ans. Kalahridhaan Trendz Limited IPO is a SME IPO. The issue is priced at ₹45 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Feb 15, 2024, and closes on Feb 20, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Kalahridhaan Trendz Limited IPO opens on Feb 15, 2024 and closes on Feb 20, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Kalahridhaan Trendz Limited IPO is 4,998,000 shares(aggregating up to ₹22.49 Cr).
Ans. The Kalahridhaan Trendz Limited IPO price band is set between ₹45 per equity share.
Ans. To apply for Kalahridhaan Trendz Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Kalahridhaan Trendz Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Kalahridhaan Trendz Limited IPO is Feb 21, 2024.
Ans. The Kalahridhaan Trendz Limited IPO will be listed on Feb 23, 2024.
Ans. Follow the steps to check the Kalahridhaan Trendz Limited IPO allotment status online.
